Yesterday we saw how more than $228,000,0000 entered the centralized exchanges in one day, that being the day with the highest stable income throughout the year
A few days ago we observed the re-entry to the base of the channel at #BTC☀️ with a weak absorption on the long-term support diagonal that comes from 30K that keeps the price above 60,500
But at the same time it is compressing the price around a short-term bearish diagonal that, if broken, we could have a second confirmation of wanting to return to 68K to clean up inefficiencies left there.
Now the fear and greed index of the crypto market is at 30%, its lowest point since September 2023 before the bullish movement that began in October of that year
The #liquidaciones maps of $BTC are hot in both directions, both below 60K and above 63K. However, we must highlight the excess of short contracts that will be settled at 63.5K
Although I am waiting for the presidential debate in the USA, the approval of the $ETH ETF is just around the corner.
So my feeling is "all in" in the short term in spot, when BTC liquidates the contracts above 63K there we will analyze the strength of the market to determine new short-term perspectives.